Relating to a periodic review of state and local taxes.
Impact
The bill significantly impacts state tax law by mandating an ongoing examination of the tax landscape, potentially leading to modifications or repeals of outdated or inefficient taxes. The process will evaluate the implications of these taxes on economic development and assess their fairness across different income levels and business sectors. The joint legislative committee is tasked with making recommendations for tax retention, repeal, or amendments based on these evaluations, thus influencing future fiscal policies in Texas.
Summary
House Bill 1402 proposes a structured mechanism for the periodic review of state and local taxes in Texas. The bill establishes a joint legislative tax review committee and a select commission on periodic tax review, both empowered to assess the effectiveness and relevance of existing taxes. It outlines a clear schedule under which each state tax and type of local tax will undergo evaluations over a twelve-year period. This systematic approach intends to ensure that tax policies are responsive to changing economic conditions and demographic trends within the state.
Contention
There may be points of contention surrounding House Bill 1402, particularly with regards to concerns about government overreach into local revenue systems. While the bill aims to enhance efficiency and transparency in tax policy, local governments may view the periodic reviews as a threat to their autonomy in managing tax matters that directly affect their residents. Stakeholders may express differing opinions on which taxes deserve scrutiny and the potential impacts of proposed changes on community resources and services funded by these taxes.
Relating to agreements authorizing a limitation on taxable value of certain property to provide for the creation of jobs and the generation of state and local tax revenue; authorizing fees; authorizing penalties.
Relating to the authorization, licensing, and regulation of casino gaming and sports wagering in this state, to the creation, powers, and duties of the Texas Gaming Commission, to the support of the horse racing industry and reform of horse racing and greyhound racing, and to other provisions related to gambling; imposing and authorizing administrative and civil penalties; imposing taxes; imposing and authorizing fees; requiring occupational licenses; creating criminal offenses.
Relating to the nonsubstantive revision of the health and human services laws governing the Health and Human Services Commission, Medicaid, and other social services.
Proposing a constitutional amendment establishing an independent redistricting commission to establish districts for the election of the members of the United States House of Representatives elected from this state, the Texas Senate, and the Texas House of Representatives.
Proposing a constitutional amendment establishing an independent redistricting commission to establish districts for the election of the members of the United States House of Representatives elected from this state, the Texas Senate, and the Texas House of Representatives.
Relating to establishing the Texas Carbon Emissions Mitigation and Severe Weather Adaptation Commission to study and address the impacts of carbon emissions and severe weather in this state.
Relating to the funding of projects by the Public Utility Commission of Texas to promote the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.